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Question Barry Cuda currently has $22,000 in his Roth IRA which has been earning 8%. Barry is planning on depositing $5000 annually for the next 40 years into this IRA. Assuming Barry’s IRA continues earning 8% annually, what will Barry’s IRA be worth at the end of 40 years? $1,295,300 $1,967,955 $1,773,250 $1,838,425

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Question

Barry Cuda currently has $22,000 in his Roth IRA which has been earning 8%. Barry is planning on depositing $5000

annually for the next 40 years into this IRA. Assuming Barry’s IRA continues earning 8% annually, what will Barry’s IRA be worth at the end of 40 years?

$1,295,300

$1,967,955

$1,773,250

$1,838,425

 
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